Australia: Large-Scale Solar Market Set To Boom

01/08/17 • •

Solar photovoltaic accounts for 11 per cent of Australia’s national electricity generation capacity and 3.3 per cent of total demand. The country is on track to have 12GW of solar PV installed by 2020, boosted by an expected 2.3GW of new utility-scale capacity that is expected to be added over the next three years, off the back of increasing cost competitiveness and government initiatives. Total installed PV capacity grew to 5.8 GW at the end of 2016, and passed the 6GW threshold by Q1 2017. Residential rooftop solar installations are on 20 per cent of households.


Solar And Wind: Fewer Dollars Needed To Finance Capacity

04/13/17 • •

Global clean energy investment was $53.6 billion in the first quarter of 2017, down 17 per cent from the same period in 2016. Highlights were $1.4 billion of public market share issues by Tesla, and Enel’s estimated $650 million financing of its 754 MW solar photovoltaic complex in Mexico. This year’s first quarter “reflects once again the declines in average capital costs per megawatt for wind and solar. This trend means that year-by-year it’s possible to finance equivalent amounts of capacity in these technologies for fewer dollars,” according to Bloomberg.


Chancellor Merkel Encourages Spain & Portugal To Invest In Solar

04/10/17 • •

German Chancellor Angela Merkel encouraged Spain and Portugal to invest more in solar energy and said they need a better link to France amid a push for a unified European power grid. Merkel’s government has promoted wind and solar energy as the country prepares for the closure of its last nuclear power stations in 2022. The European Union is aiming to break down national barriers for power, which could make supplies more secure and lower costs thanks to more trade across national borders.


Elon Musk’s Brave Bet To Fix Australia’s Energy Crisis

03/17/17 • •

Elon Musk has promised to install and get working a Tesla Inc. battery storage system designed to prevent blackouts in South Australia, the Australian mainland state most reliant on renewable energy. The promise injected Musk into the middle of a messy political spat in Australia over energy policy. Solar and wind account for about 40 percent of South Australia’s power generation, the highest of any mainland state. Due to their intermittent power flows, companies like Tesla argue battery technology can help store and ultimately manage when electricity is provided.


Nigeria To Turn Sunward To Generate More Of Its Power

03/07/17 • •

Nigeria is debating the allocation of $30 million to solar projects in this year’s budget with funding expected for off-grid solar projects, photovoltaic manufacturing, and transmission upgrades. The country says it wants to increase the contribution of renewables to its energy mix to 23 percent by 2025, from 13 percent in 2015. Interest in solar has already increased, with more than $50 million of Chinese photovoltaic panels imported in the last two years. Providing sufficient power to Nigeria’s working population of just over 70 million people is a 70 gigawatt opportunity.


New Reality: Solar Is The Lowest-Cost Source Of Energy 01.03.2017

Solar power is now cheaper than coal in some parts of the world. In less than a decade it could be the lowest-cost option almost everywhere. The speed at which the price of solar will drop below coal varies in each country: Countries that import coal, or that tax polluters with a carbon price, will see a crossover in the 2020s. Countries with large domestic coal reserves will probably take longer. However, coal looks the more economical option when the need for backup supplies for renewables are taken into account, say coal industry officials.


A Turning Point For Energy: Solar Now Cheaper Than Wind 12.26.2016

A transformation is happening in global energy markets that’s worth noting: solar power is becoming the cheapest form of new electricity. At the moment, unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and new solar projects in emerging markets are costing less to build than wind projects – a situation that few predicted would happen so soon. A huge part of this story is China which has been rapidly deploying solar and helping other countries finance their own projects.


Solar Power Generation In Saudi Arabia: A Game-Changer For The Region 12.21.2016

Saudi Arabia’s long-awaited drive to free up more oil revenue by shifting to solar power generation is expected to pick up speed next quarter, according to local developers eyeing contracts. “I’m fully expecting within the first quarter 500 megawatts to come out in tenders and then it’ll ramp up,” said Paddy Padmanathan, the chief executive officer of Acwa Power International in Riyadh. “That will be a game changer for the region.” Power demand growth in Saudi Arabia is one of the largest in the region.


Algeria: 22,000 MW In Green Energy By 2035-2040 12.15.2016

Algeria will launch a national and international invitation to tender for a photovoltaic solar energy plant project with a capacity of 4,000 megawatts, announced the country’s energy minister Nourredine Bouterfa at an Algeria-US Forum in Houston. The mega project includes the building of power plants and local manufacturing of equipment and materials intended for the plants. The country has an important national plan for the development of renewable energy underway. This plan will put into operation nearly 22,000 MW in green energy by 2035-2040.


Tesla And Panasonic Plan Ties With Solar Parts Deal 11.11.2016

Tesla Motors has unveiled plans to collaborate with Panasonic to make solar-energy components for SolarCity Corp., bolstering Elon Musk’s final push to merge the automaker and solar company. Production of photovoltaic cells and modules for solar-energy systems used by SolarCity will begin in 2017 at SolarCity’s factory in Buffalo, New York. Musk, who is Tesla’s chief executive officer and chairman and chief financier of SolarCity, has proposed combining the two companies to give consumers one-stop shopping for an electric car as well as the solar-powered electricity that will power it.


World’s Largest Solar Power Plant To Be Built in Nevada Desert 10.26.2016

California company SolarReserve plans to build the largest solar power plant in the world on a 25 square-mile plot in the Nevada Desert. The 10-tower concentrated solar array known as “Sandstone Energy X” will produce enough electricity to power around 1 million homes, producing between 1,500 and 2,000 megawatts of electricity, comparable to a nuclear power plant or the Hoover Dam. The project is designed to store heat without backup fuels or batteries to deliver electricity even in darkness, with zero emissions, little water use and no hazardous waste.